Located in New South Wales within the Northern Beaches local government area, Wheeler Heights is a smaller suburb (postcode 2097). It is home to about 3,232 residents, with a settled mid-life population and a median age of 40. Households earn a median income of $152K per year, with an average household size of 3.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward construction and professional services. The top ancestries reported are English, Australian, Irish.
Wheeler Heights has a median house price of $2.3 million, which has edged higher by 1.3% year-on-year. Units have a median price of $1.4 million (-24.5% YoY). The current median weekly rent is $925. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $3,198.
Public transport access includes 13 bus stops. The crime rate in the Northern Beaches LGA is low at 1,515 incidents per 100,000 population.
From an investment perspective, Wheeler Heights shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 15.3x is considered stretched. House prices have moved +1.3% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.